Motilal Oswal shares rise nearly 3% after strong Q1 results

By Aditya Bhagchandani Published on July 26, 2024, 12:49 IST

Motilal Oswal Financial Services Ltd. saw its shares rise nearly 3% on Thursday following the release of its first-quarter results for FY25. The company reported a significant increase in net profit, which surged 67.9% year-on-year to ₹883.6 crore for the quarter ending June 30, 2024. This compares to ₹526.1 crore in the same period last year.

Revenue from operations also saw a substantial jump of 54%, reaching ₹2,312.3 crore, up from ₹1,501.5 crore in the previous year.

Operating profit, measured by EBITDA, rose 66.4% to ₹1,392.7 crore, up from ₹837.2 crore in Q1 FY24. The EBITDA margin improved to 60.2% from 55.8% in the same quarter last year.

As of 12:34 PM, Motilal Oswal Financial Services shares were trading 2.23% higher at ₹590.35 on the NSE.

Motilal Oswal

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.